Red 5 and Northern Star have both hit operational milestones at the Darlot and Kanowna Belle gold mines.
Red 5 announced the 30th anniversary of continuous production at its Darlot gold mine in the Eastern Goldfields region of Western Australia, while Northern Star celebrated 25 years of continuous operation at Kanowna Belle.
The Darlot anniversary coincides with Red 5’s commencement of bulk stoping at the mine’s latest high-grade deposit, Oval West, which was discovered in February.
It is on-track to meet its guidance of 26,000-30,000oz for the December 2018 quarter.
Red 5 managing director Mark Williams said, “We have been saying for some time that Darlot and King of the Hills are new mines, not old mines, and we keep turning up more evidence that there is a significant amount of gold yet to be discovered at both operations.
“We are continuing to see very positive results from our exploration programs at Darlot, which are aimed at defining additional resources and reserves to further extend mine life.”
Darlot has produced 2.8 million ounces (Moz) of gold from 17.8 million tonnes (Mt) of ore since operations commenced in November 1988.
Red 5 acquired Darlot in October 2017 from Gold Fields. Other previous owners include Sundowner Minerals, Plutonic Resources and Barrick Gold. It is on of Red 5’s two major operations along with the King of the Hills mine, 80 kilometres to the south of Darlot.
Northern Star acquired Kanowna Belle as part of its Kalgoorlie operations from Barrick Gold — incidentally a previous owner of Darlot — for $75 million in 2014. The site includes a 2 million tonnes per year (Mt/y) processing plant.
Earlier this month, Northern Star offered $150 million to purchase the remaining 49 per cent of Kanowna Belle’s sister mine East Kundana. It is 51 per cent owned by Northern Star in a joint venture with Rand Mining, Rand Exploration and Tribune Resources.